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Musk leveraged SpaceX loans to support Tesla, SolarCity
April 25th, 2026 - 09:10 GMT
Osama Ali

Osama Ali

Musk leveraged SpaceX loans to support Tesla, SolarCity

ALBAWABA - The New York Times' research has shown how Elon Musk uses SpaceX as a primary source of funding to sustain his personal liquidity as well as other businesses in his portfolio. The study claims that Musk obtained large loans from SpaceX, starting with $100 million in 2018 and growing to over $500 million over the next years. These loans were secured by his firm shares and had interest ...
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The project is based on US shale oil technology for natural gas extraction. (Shutterstock)
January 22nd, 2019 - 07:31 GMT

Sudan Mulls Expanding Oil Investments Projects With US

Al Bawaba
January 22nd, 2019 - 07:15 GMT

IMF Slashes Global Growth Outlook for 2019 Due to Weaker Oil Prices, US and China Trade War

Qatar announces heavy investment in Lebanon's government bonds as means of supporting the latter's economy. (Shutterstock)
January 22nd, 2019 - 07:09 GMT

Qatar to Invest $500-Million in Lebanon’s Government Bonds

The initiative aims to provide more work opportunities for Saudi women. (Shutterstock)
January 22nd, 2019 - 07:07 GMT

New Work Standards for Women in Saudi Arabia

Getting the world's richest 1 percent to pay just 0.5 percent extra tax on their wealth could raise more money than it would cost to educate the 262 million children out of school. (Shutterstock)
January 21st, 2019 - 12:47 GMT

Opinion: Changing the Taxing System Could Reduce the World Wealth Gap

Jordan highlights plans to attract more patients for treatment in Jordan. (Shutterstock)
January 21st, 2019 - 12:02 GMT

Jordan Eyes International Patients a Key Driver for the National Economy

Berlin has revoked Iranian airline Mahan's right to operate in Germany. (Shutterstock)
January 21st, 2019 - 10:47 GMT

Germany Bans Iranian Airline on Suspicion of Terrorist Activities

Qatar has pledged $50 million to create jobs for young people in the Middle East at an Arab economic summit in Lebanon. (Shutterstock)
January 21st, 2019 - 10:10 GMT

Qatar Pledges $50 Million to Create Jobs for The Arab Youth

Taxable persons/companies must apply for this if they fulfill any of the conditions laid down by the law. (Shutterstock)
January 21st, 2019 - 09:49 GMT

Companies in UAE Can Deregister for VAT Under This Condition

30 Percent of Saudis' Salaries in Private Sector to Be Paid by the Government
January 21st, 2019 - 09:43 GMT

30 Percent of Saudis' Salaries in Private Sector to Be Paid by the Government

Egypt’s Foreign Currency Reserves Soar to $42.6 Billion
January 21st, 2019 - 09:26 GMT

Egypt’s Foreign Currency Reserves Soar to $42.6 Billion

E-commerce will play an increasingly greater role in Lebanon and in the region. (Shutterstock)
January 21st, 2019 - 08:56 GMT

Lebanon to Rely on E-Commerce to Solve Its Economic Issues

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